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Limit Is Seen to Swiss Franc's Tumble
Against Mark as Markets Calm Down

By

Anita Greil Dow Jones Newswires

Updated Nov. 9, 1998 12:01 a.m. ET

ZURICH -- Investors are unwinding positions they built up in Swiss francs during the recent height of tensions in global financial markets, but analysts don't expect the franc to weaken much further against the mark.

The franc's slippage against the German currency "is a reflection of the easing of tensions in the financial markets," said Henry Munster, treasury director at Banque Internationale a Luxembourg. Funds that had flowed into the Swiss currency in search of a haven are being pulled back in the wake of...